VK Reports Triple Net Loss Despite Record Revenue in 2024 - The Moscow Times
www.themoscowtimes.com
Russian tech giant VK posted a staggering net loss of 94.94 billion rubles ($1.12 billion) in 2024 — nearly three times the 34.29 billion rubles ($405 million) it lost in 2023 — despite achieving record-high revenue, according to its annual report published Thursday.

Russian tech giant VK posted a staggering net loss of 94.94 billion rubles ($1.12 billion) in 2024 — nearly three times the 34.29 billion rubles ($405 million) it lost in 2023 — despite achieving record-high revenue, according to its annual report published Thursday.

  • fl42v@lemmy.mlEnglish
    9·
    11 hours ago

    As a Russian, fuck those assholes and the shithole they’re operating.

      • Mistic@lemmy.worldEnglish
        6·
        4 hours ago

        Ads, complete lack of privacy, kremlinbots.

        It used to be the platform that did one thing good. Build communities. Not it does a lot of things, but all of them badly.

        Not to mention that their owners are the main reason why “YouTube works bad, because Google’s servers are degrading”. Basically, Roscomnadzor (an official government censorship service) has been making YouTube unusable for over a year now to make people switch to VK Video or Rutube (both owned by same entity) whilst pretending that it doesn’t. Did it work? According to them, yes. According to reality, however, the vast majority just switched to using VPN.